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Upgrade Alert for Louisiana-Pacific (LPX)

By Amy Schwartz

Louisiana-Pacific (NYSE:LPX) was upgraded from Neutral to Buy at Dundee today. The stock closed yesterday at $20.29 on volume of 2.3 million shares, above average daily volume of 2.1 million.

Over the past year, Louisiana-Pacific has traded in a range of $13.31 to $20.41 and closed yesterday at $20.29, 52% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile, and Brazil. The Company's products are used by homebuilders and light commercial builders. Louisiana Pacific's products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, and laminated veneer lumber.

Louisiana-Pacific (NYSE:LPX) is currently priced 13.3% above its average consensus analyst price target of $17.59. Louisiana-Pacific shares have support at the 50-day moving average (MA) of $16.85 and additional support at the 200-day MA of $16.49.

SmarTrend is monitoring the recent change of momentum in Louisiana-Pacific. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Louisiana-Pacific in search of a potential trend change.

Keywords: analyst upgrades/downgrades louisiana-pacific

Ticker(s): LPX